With promises of working on the BILLIONS of debt American’s pay fro higher education these days by Democrats running for President on the front pages….
The rest of the party is going join the group…
This about getting the government to shoulder some of this…
It is uncertain if Republicans in the US Senate will support this…
But student loan debt IS something that needs fixing ….
It is actually hurting consumer spending…
The bill sends a clear message that greater federal investment is key to easing the burden of student debt, boosting graduation rates and lifting barriers to economic mobility. Democrats would use the federal purse to provide more grant aid and support services to students while imposing tougher regulations on colleges that produce poor outcomes.
Spending more money runs counter to Republican priorities to limit taxpayers’ stake in financing of higher education and the federal role in the sector. The ideological differences have made a bipartisan overhaul of the Higher Education Act elusive. The federal law, originally passed in 1965, is supposed to be renewed every five years but was last reauthorized a decade ago.
House Democrats’ latest effort to reauthorize the law, through legislation dubbed the College Affordability Act, could move quickly through the chamber, albeit with revisions. Democrats have made higher education restructuring a priority….